--- title: "Crude Oil Moves Lower; US Producer Prices Fall 0.3% In June" type: "News" locale: "en" url: "https://longbridge.com/en/news/292796149.md" description: "U.S. stocks rose, with the Dow gaining over 150 points, as June Producer Price Index data fell 0.3%, below expectations and reinforcing expectations of unchanged Fed rates. Consumer discretionary shares led gains, while energy stocks declined. Individual stock movements were mixed: Electrovaya surged on an Amazon partnership, PayPal jumped on acquisition rumors, and Aehr Test Systems rose on strong earnings. Conversely, Cardiff Oncology and Vivakor fell due to capital raises and a reverse split. Commodities saw oil drop 0.7%." datetime: "2026-07-15T16:03:07.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292796149.md) - [en](https://longbridge.com/en/news/292796149.md) - [zh-HK](https://longbridge.com/zh-HK/news/292796149.md) --- # Crude Oil Moves Lower; US Producer Prices Fall 0.3% In June U.S. stocks traded higher midway through trading, with the Dow Jones gaining more than 150 points on Wednesday. The Dow traded up 0.32% to 52,675.73 while the NASDAQ rose 0.13% to 26,139.93. The S&P 500 also rose, gaining, 0.22% to 7,560.24. **Leading and Lagging Sectors** Consumer discretionary shares jumped by 1.2% on Wednesday. In trading on Wednesday, energy stocks fell by 0.5%. **Top Headline** Producer inflation came in well below expectations in June, reinforcing market expectations that the Federal Reserve will keep interest rates unchanged this month. The Producer Price Index (PPI) fell 0.3% month-over-month in June, below the flat monthly reading economists expected and a sharp reversal from May’s downwardly revised 0.6% surge. It marks the lowest monthly print since April 2025. The annual producer inflation rate eased to 5.5%, from a downwardly revised 6.0%, versus the 6.2% consensus. **Equities Trading UP**            - **Electrovaya Inc (NASDAQ:ELVA)** shares shot up 37% to $10.83. Electrovaya announced commercial relationship with Amazon. - Shares of **PayPal Holdings Inc** (NASDAQ:PYPL) got a boost, surging 15% to $54.56 following a report that Stripe and Advent International have proposed a joint acquisition of the digital payments firm in a deal valued at over $53 billion. - **Aehr Test Systems (**NASDAQ:AEHR) shares were also up, gaining 43% to $102.67 after the company reported better-than-expected fourth-quarter financial results and issued FY27 sales guidance above estimates. **Equities Trading DOWN** - **Cardiff Oncology Inc (**NASDAQ:CRDF) shares dropped 33% to $0.87 after the company announced a $10 million offering of 8,571,429 shares of its common stock and accompanying warrants at $1.05 per share and accompanying warrant. - Shares of **Vivakor inc (**NASDAQ:VIVK) were down 28% to $0.22 after the company announced a 1-for-20 reverse stock split. - **Gorilla Technology Group Inc** (NASDAQ:GRRR) was down, falling 14% to $14.48 as the company priced $125 million senior unsecured convertible notes Series B due 2031. **Commodities** In commodity news, oil traded down 0.7% to $78.80 while gold traded down 0.1% at $4,064.00. Silver traded down 0.9% to $58.585 on Wednesday, while copper rose 0.4% to $6.4010. **Euro zone** European shares were mixed today. The eurozone’s STOXX 600 gained 0.1%, while Spain’s IBEX 35 Index fell 0.4%. London’s FTSE 100 slipped 0.1%, Germany’s DAX declined 0.7%, while France’s CAC 40 rose 0.2%. **Asia Pacific Markets** Asian markets closed mostly higher on Wednesday, with Japan’s Nikkei 225 gaining 1.49%, Hong Kong’s Hang Seng index rising 1.40%, China’s Shanghai Composite falling 0.29% and India’s BSE Sensex gaining 0.17%. **Economics** - The New York Fed’s Empire State manufacturing index rose 10 points to a reading of 15.6 in July. - U.S. producer prices fell 0.3% month-over-month in June, compared to a revised 0.6% gain in May and compared to market estimates of a flat reading. - The volume of mortgage applications declined by 2.7% from the previous week during the week to July 10. - U.S. crude oil inventories declined by 1.693 million barrels in the week ended July 10, compared to a 2.998 million-barrel increase in the previous week. _Photo via Shutterstock_ ### Related Stocks - [VIVK.US](https://longbridge.com/en/quote/VIVK.US.md) - [PYPL.US](https://longbridge.com/en/quote/PYPL.US.md) - [CRDF.US](https://longbridge.com/en/quote/CRDF.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [ELVA.US](https://longbridge.com/en/quote/ELVA.US.md) - [AEHR.US](https://longbridge.com/en/quote/AEHR.US.md) - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [DIA.US](https://longbridge.com/en/quote/DIA.US.md) - [AMZW.US](https://longbridge.com/en/quote/AMZW.US.md) - [AZYY.US](https://longbridge.com/en/quote/AZYY.US.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [SCO.US](https://longbridge.com/en/quote/SCO.US.md) - [03097.HK](https://longbridge.com/en/quote/03097.HK.md) - [AMZP.US](https://longbridge.com/en/quote/AMZP.US.md) - [OIH.US](https://longbridge.com/en/quote/OIH.US.md) - [XLE.US](https://longbridge.com/en/quote/XLE.US.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [PYPG.US](https://longbridge.com/en/quote/PYPG.US.md) - [PYPU.US](https://longbridge.com/en/quote/PYPU.US.md) - [PYPY.US](https://longbridge.com/en/quote/PYPY.US.md) - [AMZD.US](https://longbridge.com/en/quote/AMZD.US.md) - [AMZO.US](https://longbridge.com/en/quote/AMZO.US.md) - [AMZU.US](https://longbridge.com/en/quote/AMZU.US.md) - [IEO.US](https://longbridge.com/en/quote/IEO.US.md) - [AMZY.US](https://longbridge.com/en/quote/AMZY.US.md) - [03175.HK](https://longbridge.com/en/quote/03175.HK.md) - [AMZZ.US](https://longbridge.com/en/quote/AMZZ.US.md) - [VDE.US](https://longbridge.com/en/quote/VDE.US.md) - [MAGX.US](https://longbridge.com/en/quote/MAGX.US.md) - [DDM.US](https://longbridge.com/en/quote/DDM.US.md) - [UDOW.US](https://longbridge.com/en/quote/UDOW.US.md) - [DOG.US](https://longbridge.com/en/quote/DOG.US.md) - [SDOW.US](https://longbridge.com/en/quote/SDOW.US.md) - [DXD.US](https://longbridge.com/en/quote/DXD.US.md) - [ERX.US](https://longbridge.com/en/quote/ERX.US.md) - [ERY.US](https://longbridge.com/en/quote/ERY.US.md) - [IXC.US](https://longbridge.com/en/quote/IXC.US.md) - [XOP.US](https://longbridge.com/en/quote/XOP.US.md) - [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md) - [XES.US](https://longbridge.com/en/quote/XES.US.md) - [PXJ.US](https://longbridge.com/en/quote/PXJ.US.md) - [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md) - [DUG.US](https://longbridge.com/en/quote/DUG.US.md) - [MLPA.US](https://longbridge.com/en/quote/MLPA.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [GRRR.US](https://longbridge.com/en/quote/GRRR.US.md) - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) - [000001.CN](https://longbridge.com/en/quote/000001.CN.md) - [VIVKD.US](https://longbridge.com/en/quote/VIVKD.US.md) - [GRRRW.US](https://longbridge.com/en/quote/GRRRW.US.md) ## Related News & Research - [Oil rises amid supply-disruption concerns](https://longbridge.com/en/news/295158530.md) - [Oil steadies after two-day slump as investors eye Hormuz traffic](https://longbridge.com/en/news/294892991.md) - [US Cash Crude-Grades firm as Iran threatens banning US, Israel ships in Strait of Hormuz](https://longbridge.com/en/news/295139852.md) - [US Cash Crude-Grades mixed as Houthi attacks threaten shipping, US crude stocks jump](https://longbridge.com/en/news/295592518.md) - [Top Executive’s Bold Move Sends Aehr Test Systems Into the Spotlight](https://longbridge.com/en/news/295173435.md)